Date Attributes Contain Calendar Dates Stored in a Special Format

question 34

Multiple Choice

Date attributes contain calendar dates stored in a special format known as the _____ date format.

• A) Epoch
• B) calendar
• C) Julian
• D) logical

---

Definitions:

Weighted-Average Method

A cost accounting method that calculates the cost of equivalent units of production by considering the weight of the cost of current and prior periods' goods.

Equivalent Units

A concept used in cost accounting to express the amount of work done by manufacturers in terms of fully completed units.

Materials

Items or supplies used in the production of goods, considered part of the direct costs in manufacturing.

FIFO Method

"First In, First Out," an inventory valuation method that assumes goods are sold in the order they are acquired, impacting the cost of goods sold and inventory value.